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Mother Ventures is looking at moms as the ‘economic engine’

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As families across the U.S. prepare to celebrate Mother’s Day this Sunday, Allison Stern is looking beyond the single day of appreciation.

Stern just closed $10 million in commitments for her debut early-stage fund, Mother Ventures, which focuses exclusively on the mother as a consumer.

“In the U.S., moms are responsible for 85% of household purchases and have $2.4 trillion in spending power,” Stern (pictured below) told TechCrunch. “The numbers say that moms are the buyers, and they really are a very unique economic engine.”

Stern, a mother of two, is tapping into that spending clout by backing startups that reflect the needs of modern mothers. Since launching Mother Ventures two years ago, she has already deployed $4 million into 13 startups. Her portfolio includes Coral Care, which allows instant booking of pediatric specialists for children with developmental delays, and Tin Can, a popular Wi-Fi-enabled “landline” designed as a retro-style phone for kids.

Before launching her own fund, she co-founded Tubular Labs, a social video analytics startup she helped grow to $25 million in annual recurring revenue prior to its 2023 acquisition by private equity and served as an operating partner at The Chernin Group (TCG), a consumer-focused growth equity firm.

Part of TCG’s investment thesis included backing companies serving ‘overlooked unique audiences with spending power,’ such as Barstool Sports, which originally targeted Boston sports fans, she said.

Image Credits:Mother Ventures

When Stern set out to launch her own fund, she identified mothers as a similarly underserved market with the potential to deliver superior returns. “I felt like motherhood is the ultimate niche that’s not really a niche,” she said,

Stern convinced Tony James, the former president and COO of Blackstone and current board chair of Costco, to back Mother Ventures as an anchor LP. Other backers of the fund include Jessica Rolph, founder of the child development startup Lovevery, as well as female executives from Netflix, Rent the Runway, and Sesame Street, she said.

She argues that Millennial and Gen Z mothers expect a different set of products from on-demand transportation services such as Zum, to ready-meal delivery from DoorDash, and fintech tools like Greenlight that allow parents to instantly fund a child’s debit card.

“We want healthy things. We want subscription things. We want digital communities,” she said.

However, Stern doesn’t want her fund to be perceived as one that invests only in parenting tech. “It’s a consumer fund, and we focus on the mom as the consumer allows us to be wider in our bets,” she said.

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Troops detain terrorists’ logistics suppliers, recover weapons in southern Kaduna

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Troops of the Special Task Force, Operation Enduring Peace (JTF-OPEP) on Monday detained six suspected logistics suppliers to criminals and recovered weapons in the Samaru, Zangon Kataf Local Government Area (LGA) of Kaduna State.

Polycarp Oteh, the media officer of JTF-OPEP, disclosed this in a statement issued on Monday.

Mr Oteh disclosed that the suspects were intercepted and subsequently arrested by troops while travelling from Plateau to Niger State.

“Troops of our Sector 7 in Samaru, Zangon Kataf LGA of Kaduna state, while conducting stop and search operations at a checkpoint, successfully intercepted terrorists’ logistics suppliers, recovered weapons and arrested suspects who were travelling from Jos in Plateau to Niger state.

“The operation conducted at about 9:40 a.m. on Monday was part of the ongoing decisive and offensive posture of troops, aimed at disrupting criminal elements and denying terrorists freedom of action within our joint operations area.

“During the operation, troops successfully intercepted and arrested six suspects travelling on an ash-coloured Mercedes-Benz with registration number: EDO GUE-722-LV.

“Items recovered included three AK-47 rifles, four sub-machine guns and a Mercedes-Benz car,” he said.

The media officer, who said the suspects had begun making confessions, added that investigations were still ongoing.

“Meanwhile, during the encounter, one of the suspects attempted to flee and was immediately immobilised.

“He is currently stable and cooperating with the ongoing investigation,” he said.

Mr Oteh said the recovered items and suspects were currently in custody for detailed interrogation.

(NAN)

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Osun at crossroads, Adeleke, Oyebamiji others will sign peace accord – ODA

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Indigenes of Osun State in the diaspora, under the auspices of the Osun Development Association (ODA), have declared that the governorship candidates of political parties contesting in the forthcoming election in the state will sign a peace accord ahead of the poll.

ODA noted that this is necessary in view of the prevailing situation in the state and to prevent a breakdown of law and order.

The group explained that the current governor and Accord candidate, Senator Ademola Adeleke; the All Progressives Congress (APC) candidate, Mr Bola Oyebamiji; the Action Alliance candidate, Olanrewaju Farinloye; the African Democratic Congress (ADC) candidate, Najeem Salaam; the African Action Congress (AAC) candidate, Esan Olajide; and other candidates will sign the peace pact.

Chairman of ODA’s Leadership and Governance Committee, Dr Tunji Olugbodi, made the declaration in a statement heralding the planned summit where candidates of the political parties will sign the peace accord to prevent violence before, during and after the election.

Olugbodi, in the statement made available to DAILY POST on Monday evening, explained that the state is currently at a critical democratic crossroads.

He said the summit, with the theme, “Speak, Choose, Hold Accountable: Citizens at the Centre of Osun’s Democracy,” is billed to take place in Osogbo because it is necessary to commit all the major stakeholders to a peaceful electoral process.

Olugbodi added that the group believes the state can set a national benchmark for peaceful, credible elections.

The summit is expected to bring all stakeholders in the electoral process under one roof to chart a way forward in order to prevent any uncertainty before, during and after the election.

Olugbodi said, “Osun State is at a critical democratic crossroads. The Osun Development Association (ODA) has finalised arrangements to host the Osun 2026 Democratic Governance, Peace and Electoral Integrity Summit, a high-level civic intervention designed to steer the state’s political discourse toward issue-based campaigning and away from rising tension ahead of the August governorship election.”

ODA Chairman, Dr Segun Aina, in his contribution, noted that the collective participation of all stakeholders is necessary for the forthcoming election.

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